Vietnamese tuna exports surged in the first quarter of 2024

In March alone, Vietnamese tuna exports soared by 17% to reach nearly US$84 million compared to the same period from last year. The United States remains the country’s largest export market with turnover reaching more than US$32 million, up 16% on-year. Along with the US, export orders to the EU rebounded in March, increasing by 30% to US$19 million. Furthermore, tuna exports to Israel and Canada also continued to witness rises of 95% and 143% on-year, respectively. After a period of instability, Vietnamese tuna exports to the Russian market have also bounced back since the end of 2023, edging up by 4% in turnover in March. Meanwhile, tuna exports to other major markets in March such as Japan, Mexico, Chile, and Thailand all experienced a downward trajectory of 18%, 38%, 34%, and 78%, respectively. According to industry insiders, Vietnamese tuna export businesses are anticipated to face a number ...